MISC Group
MISC Group News
World's Largest Ethane Carrier Delivered
MISC Berhad (MISC) has taken delivery of the world's largest very large ethane carrier (VLEC) at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea.The newbuild 98,000 cubic meter capacity Seri Everest, MISC's first VLEC, is the lead vessel in a series of six that the shipowner purchased from Zhejiang Satellite Petrochemical (STL) in July 2020. Concurrently, MISC had also entered into time charter parties (TCPs) with STL, for the six VLECs to operate in international waters.
Samsung's Ammonia-fueled Tanker Design Gets LR AIP
An ammonia-fueled tanker design developed by South Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle (AIP) from classification society Lloyd’s Register (LR).The project to develop the novel, emissions-slashing aframax tanker was announced in January as maritime stakeholders consider cleaner-burning ammonia and other zero-carbon options to meet the International Maritime…
MISC Clinches Petrobras Contract
Malaysia International Shipping Corporation Berhad (MISC) announced that its wholly-owned subsidiary, AET Tanker Holdings Sdn Bhd, has been awarded long-term charter…
Partners Developing Ammonia-fueled Tanker
Maritime industry partners striving to advance shipping's decarbonization efforts are working to develop an ammonia-fueled tanker, classification society Lloyd's Register (LR) announced.The joint development project (JDP) involving LR and shipping line MISC Berhad, builder Samsung Heavy Industries (SHI) and engine maker MAN Energy Solutions aims to develop commercially viable deep-sea zero-emissions vessels (ZEVs) that would be operational by 2030…
MISC Wins $245M Contract in Brazil
Malaysia International Shipping Corporation Berhad (MISC) said that its unit AET Tanker Holdings Sdn Bhd has secured long term contracts for three Suezmax class…
MISC Secures ExxonMobil LNG Tanker Contract
MISC Berhad (MISC) through its wholly-owned subsidiaries have secured agreements with Exxon Mobil Corporation’s wholly-owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time charter contracts of two Liquefied Natural Gas (LNG) carriers.Each of the LNG carriers will respectively serve the transportation needs of ExxonMobil’s worldwide LNG portfolio on a 15-year charter contract.Prior to this…
MISC, NYK and Mitsubishi Partner for the LNG Canada Project
MISC Berhad (MISC) through its subsidiary have signed an agreement with Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK) to co-own two newbuild LNG vessels mainly for the LNG Canada project.Both LNG carriers have a capacity of 174,000 cubic meters (cbm) and are currently being built by Hyundai Samho Heavy Industries (HSHI). These vessels will feature state-of-the-art technologies including…
MISC Group Q1 Financial Results
MISC has announced its financial results for the financial period ended March 31, 2019.Financial Highlights:Group revenue for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group profit before tax for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group Revenue, Operating Profit and Profit Before Tax for the Quarter Ended March 31…
MISC Wins FSO Charter Contract in Vietnam
Malaysian shipping group MISC Berhad (MISC) has received a time charter contract from Idemitsu Kosan (IKC) for the provision of a floating, storage and offloading…
MISC Berhad Names New LNG Carrier Seri Cenderawasih
MISC Berhad today held the naming and delivery ceremony for its new LNG carrier, Seri Cenderawasih. The 150,200 CBM liquefied natural gas (LNG) carrier is the second…
MISC Berhad Chooses Immarsat XpressLink for Fleet
Inmarsat wins contract with Malaysian shipping giant MISC to outfit 46 ships with XpressLink SatCom systems. The XpressLink solution from Inmarsat is a fully integrated…
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